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Chinese President Xi Jinping’s September state visit to the U.S. produced no joint statement, indicating major differences, although both countries agreed Iran should not develop nuclear weapons and no country should collect tolls in the Strait of Hormuz. Tariffs on China remained unresolved. There was a staleness to the visit, with both countries’ leaders focused on the past. The visit appears to favour China, denoting its growing stature.
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China-centric global supply chains, the backbone of East Asia’s prosperity, are shifting out as tensions over tariffs and strategic contest between the West and China soars. Ganeshan Wignaraja, Professorial Fellow, Economics and Trade, Gateway House, discusses diversifying supply chains, the China plus one strategy, and the role of India as a supply chain magnet for its South Asian neighbours.